Gelsinger's resignation highlights the ongoing turmoil at Intel, as directors expressed dissatisfaction with the pace of his ambitious turnaround plan, forcing him to step down.
Intel's market value has drastically diminished under Gelsinger, now over 30 times smaller than Nvidia, showcasing a significant decline in its chipmaking leadership.
During his leadership, Gelsinger struggled to reclaim Intel's dominance in chip manufacturing, evidenced by his departure before completing his four-year strategic roadmap.
Nvidia's rise to prominence led to Intel's removal from the Dow Jones Industrial Average, emphasizing the shifting landscape of the semiconductor industry.
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